Cost of Living in Evansville, IN
Population 116,116 · Census ACS 2020–2024 5-year estimates
The median rent in Evansville, IN is $975/month, 8% lower than the Indiana median and 31% lower than the U.S. median. The median home value is $143,100, 57% lower than the national median. Households earn a median of $53,387 a year, 26% lower than the state median.
Affordability
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Evansville vs. Indiana vs. U.S.
| Evansville | Indiana | U.S. | |
|---|---|---|---|
| Median rent | $975 | $1,062 | $1,413 |
| Median home value | $143,100 | $218,200 | $332,700 |
| Median household income | $53,387 | $71,957 | $80,734 |
| Homeownership rate | 54.6% | 70.6% | 65.2% |
| Bachelor's degree or higher | 22.8% | 29.5% | 35.7% |
| Poverty rate | 18.4% | 12.3% | 12.5% |
| Unemployment rate | 5.1% | 4.3% | 5.2% |
| Work from home | 5.7% | 10.7% | 15.1% |
| Median age | 38.2 | 38.1 | 38.9 |
FAQ
What is the average rent in Evansville, IN?
The median gross rent in Evansville, IN is $975 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Evansville, IN?
Using the common 30% rule, renting a median-priced home takes about $39,000 a year in gross income.
Is Evansville, IN expensive to live in?
Rent there is 31% lower than the U.S. median, and the median home costs about 2.7 times the median household income.
Other cities in Indiana
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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